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20100228
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CNBC 23
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Search Results 0 to 26 of about 27 (some duplicates have been removed)
CNBC
Feb 24, 2010 12:00pm EST
going on today. this is "mad money high noon." we've been listening all morning to ben bernanke's testimony. they're taking a break and we're monitoring it and return to it if need be. let's go to steve liesman. what do you think is happening here? >> the main thing to note is the thing he said again that the fed will remain exceptionally low for an extended period. there were questions about given what happened to the discount rate and given a very confusing financing program that they announced yesterday which is sort of a drain on liquidity. the main thing is bernanke steps forward and says we will remain exceptional, there are a lot of games and dancing going on about regulatory reform and games and dancing going on about some of the fed anger and the populist anger about where you go from here on deficits and that, but i don't think any of that is as substantial, jimmy, as the chairman saying here's the policy. the policy is what it was in january. one other note i would make, i thought his comments on the recovery were tentative and more on the one hand and on the other ha
CNBC
Feb 10, 2010 4:00pm EST
with thousands of flights grounded as we speak. >>> fed chairman, ben bernanke laying the groundwork on the central bank's exit strategy for the economic rescue efforts. we've got details of what mr. bernanke said today coming up. >>> but first here's a look at how we finished the day on wall street. the dow jones industrial average under water today. down 21 points on the dow at 10038. under a billion shares traded here on the nyse, as people stayed home, instead of embracing the heavy travel and heavy snow. s&p 500 down 2.5%. quarter of a percent lower at 106 and the nasdaq composite gave up three points and technology one of the winners on the session as was financial services. we get all of the action right now from bertha coombs our floor on the nyse. >> reporter: hey, maria, all things considered it's not a very bad day on the close, even though we closed to the downside. the real factors that kept people hessittant today, the snow of course. that kept volumes lower, but also the uncertainty about where we're headed with greece. this morning, as you take a look at the intraday
CNBC
Feb 24, 2010 6:00pm EST
to entertain you. call me. the most dramatic piece of news today did not come from ben bernanke's grilling in front of the house of representatives. bernanke floated like a butterfly. didn't bother to sting at all. it wasn't the skewering of toyota by congress for which the takeaway is quite obvious. keep buys ford and ford preferred. no, none of that. the most sit-up and take notice piece of news today came from dollar tree. which skyrocketed six points, up more than 14% on a day when the dow gained only, well, like 92 points. s&p up a percent. why do we care about a dollar score more than the fed chairman or a huge automaker? first, in full disclosure, my good and plenties of toiletries at my local store did not skew the numbers higher. although it didn't subtract from the company's astounds 32% increase in earnings. no. what this number says and what the stox said in reaction to it along with the store's radically high guidance from 2010, is that the consumer, the consumer is bummed and the consumer is stretched. >> the house of pain. >> i tell you, you don't go to dollar tree to feel g
CNBC
Feb 24, 2010 5:00pm EST
, let's look at the day on wall street. we had the tone set by bernanke this morning, suggesting interest rates would stay low for as long as possible as this recovery remains fragile. the dow jones industrial average closed off the best levels of the afternoon. higher at the close by 91 points. nasdaq was up 22. have a fantastic evening. fast money is up next. >>> live from the nasdaq, this is fast money. the euro's breaking up. it's this kind of flip-flopping that makes for a range-bound market. here's our job for you tonight using karen finerman, we'll give you the best ways we're finding alpha. we'll get to the top story of the day, which is toyota. >> i mean, you know, as i said before, as a value investor, you look at name like toyota and see what the stock has gotten absolutely crushed. it's felt to me like with mr. toyoda there today and our congress, once again shocking me at how ridiculous they can be. it seemed like an absolute crescendo of bad news for them. a trade for me. i don't normally trade like that. >> stepping into the trade. pete, you know, it felt like a ca
CNBC
Feb 2, 2010 7:00pm EST
.s. but the old bugaboo, inflation and ben bernanke, will the fed reduce the balance sheet and get rates to more normal levels in my lifetime? >> hopefully you will live a long time, larry, so yes. unfortunately i have never seen the fed or bernanke articulate how to downsize the balance sheet. i haven't seen a plan out there to say, this is how we can do it. they are owns and backing these mosh mortgage-backed securities now and they will weigh reducing the balance sheet with propping up the housing market. we may see another republican revolution and a cut-back on the huge obama taxes on hedge funds, bank pay, small businesses and letting the bush tax cuts expire, i am not confident that bernanke has a plan to deleverage and 2.7% year-over-year growth in the cpi isn't scary, but it's not comforting either. >> you have cut back on your equity allocation, is that right, mike? >> yes, i am. i'm pretty much now at about 20%. jim points out the strong growth in corporate profits. a lot of it is from cutting overhead, cutting employees, but some junk bonds are attractive now for the companies that w
CNBC
Feb 19, 2010 2:00pm EST
this great speech by bernanke, published on february 10th, and he said he's going to do it. you have to be from mars not to know that he had to deal with the discount rate. but the federal funds rate what bernanke is also saying is not going to be a good, as it was historically, measure of what's going on in the short-term monetary markets. we do the same thing all the time. one of the risks, one of the returns are inflation, interest rates, cost of capital, and equities. and so we have the rice syndrome so to speak. what he said about the new normal is what we've been living through for the last hundred years. returns of 4.5%, 5%. >> wait a minute. last ten years were a little different than that. but so were the '80s and '90s. >> yes. >> you had 18% type returns, compound annual growth rate in the equity markets, so the last ten years you didn't make any money. if you bought an index fund like vanguard you would have made no money. >> why did i have you on the show? i want to go back to jim. i started investing ten years ago and actually bought a vanguard fund. ken, it wasn't yours
CNBC
Feb 8, 2010 11:00am EST
. >> if you want to keep jobs here, you have to find a way to incentivize corporations. bernanke's height rate plan. we will take a look at the policy shift. >> it costs $150 billion a year to treat alzheimer's. medivation is helping find a cure. the stock is up 80% of the year. their ceo joins us about their late stage development drug. >>> the fed is set to unveil its rate hike plan. it is going to be a delicate balancing act for policymakers. steve liesman heads big reporting on this story for weeks, months, maybe years, joins us now with the very latest update. steve, what are they cooking up? >> you know, the question, you know, fed chairman goes to the hill wednesday. the question is whether we will hear anything new from the considerable talk from the fed already about the exit strategies which we reported quite a bit. fed has been transparent about the plans to unwind easy policies. not necessarily in one place. the reason the fed wants to let markets know what it is cooking up for the piece. but afraid too much talk to believe war over the financial cries sis over. the fed does want t
CNBC
Feb 9, 2010 11:00pm EST
, a guy who's equivalent of ben bernanke he hurried back. the moment he booked that ticket the hedge funds figured he was going to solve the crisis and that's when they started rallying. y yun -- can you believe it? you just need to find out who his travel agent is and book your trade accordingly. if we knew he's on the case, we're less concerned about a collapse in europe and we recognize that he isn't about to cut off the stimulus that's so crucial to getting europe which has the worst economies in the world going in the right direction. if the stock market stimulus thing is still with us, then we're not going to slink back into a worldwide slowdown. trichet's travel interruption was so powerful it was able to do something i have not seen happen since the year began, maybe even earlier, and that is the stock market did not go down when the baron chief president obama spoke on tv. way to go, trichet. now, i know about zorba the greek than greek bonds. i get the gist of trichet's move -- memo to trichet on his travel plans, make sure they're never on a sunday because the markets aren't ope
CNBC
Feb 25, 2010 6:00am EST
, fed chairman ben bernanke has returned to capitol hill this morning. and investors are looking for more clues on the central bank's next move. and the markets at this hour have u.s. equity futures under a bit of pressure after yesterday's rebound as "squawk box" begins right now. >> welcome to "squawk box" right here on cnbc. i'm becky quick along with joe kernen at the cnbc world headquarters. carl is in washington this morning where president obama is hosting a televised health care summit. we'll have more from carl on that story. but joe, that's not the only news in washington today. >> no, it's not. we may pipe in that music with carl down there and he'll be looking good. he'll have his jacket on. >> he always looks good. >> yes, he does. also in washington, carl is there, but also this other guys that's going to show up. that's not really what all the scuttlebutt is going to be about down there. it's about carl. but ben bernanke will come back and testify on the hill today. yesterday he pledged to continue record low interest rates for, in his words, an extended period. >>
CNBC
Feb 25, 2010 2:00pm EST
the indicators are telling us. >> steve liesman, we've had two days of ben bernanke's testimony. sorry? okay. steve is gone. lou, i'll put this question to you. yesterday steve had talked about the fed chief didn't appear to be optimistic about the economy and he continued to say rates aren't going anywhere. do you think, then, when paul's talking about retail stocks being at a one-year high and hearing positive signs on the consumer that means those names are in for a fall as opposed to where the broader mark would go, which would be up. >> as far as consumer names? >> back to consumer. i just think it's -- the consumer's in a difficult situation and i think that the stocks that have benefitted from their cost cutting and not from the consumer. just to reflect back on 1983 sentiment here, back then the beginning of the reagan revolution and deregulation of stocks, the begin ofrning of th credit expansion. the dow broke above 1,000 for the first time significantly since 195. a 16-year resistance that it broke through. there's a lot of differences between now and 1983. also, there was a much
CNBC
Feb 1, 2010 2:00pm EST
liesman spoke to mr. paulson about everything, including the men in the crosshairs, ben bernanke and his replacement, hank's replacement, tim geithner. a pretty interesting conversation, the little bits that i've seen so far. >> he was very, very frank, after more than a year, erin, of silence. hank paulson published "on the brink" a wide ranging account of the events leading up to the financial collapse in '8 and the efforts to save the system and the economy from collapse. we had an extensive conversation, everything ranging from the fateful weekend when lehman failed to the mistakes that were made to lead up to the crease sis. bediscusses the recent battle over the reappointment of ben bernanke and the steps paulson believes we need to take right now to fix the financial system. >> i'm absolutely delighted, he was confirmed. i wasn't worried about it. i knew he was going to be confirmed. i think that the president really got to it in the state of the union when he simply said something to the effect of republicans didn't like the bailouts, democrats didn't like the bailout, i didn't l
FOX News
Feb 10, 2010 7:00pm EST
tonight. thank you. the federal reserve chairman ben bernanke laid out the blueprint for the fed's plan to recoup all the money it loaned out in the great recession and in turn winding down the stimulus program. bernanke issued a statement saying the fed will try to raise the interest rate it pays banks to keep money in the u.s. central bank. analysts say that way banks would be less inclined to put money on risky investments. but they also say that could hurt consumers because those banks would have more incentive to sit on their money and earn interest rather than lend it out to you and me. but, bernanke says the plan will not be implemented until the economy is on a firmer footing. on wall street, the stock market managed to steady itself before the closing bell today. after hearing bernanke's plans concerning the central bank, stocks suffered sharp early losses before reversing course later in the day. the market ended up just about where it started. the dow dropped 20 to close a little bit above the 10,000 mark. the nasdaq down 3. the s&p off 2. while the fed works on the financial
CNBC
Feb 25, 2010 12:00pm EST
'll bring you the latest, ben bernanke, et cetera, okay, bears have had such an edge today. you've got to admit it, right? don't they? greece could be in trouble. germany's so tentative, spain's next, jobless claims are terrible. strong dollar. you can only imagine then with that parade of horribles, how hobbled the consumer is, can't be buying right? no wonder we're down so much. then all of a sudden the facts get in the way of the story. look, i want to be bearish in all this news. i want to join my buddies and pals, friends, yogi, boo-boo, baloo and smoky, but then we get coal saying things are getting better and not just because of the two shirts and buy two get one free purchase of kohl's brand socks, the house brand, i made this four weeks ago, can you tell the difference in that quarter was amazing. it's every bit as good as saks' and macy's. then autoparts makers saying auto sales are coming back strong. it is up moving better than $1. can you imagine how much market share ford must be taken as its format seemed darn good even on a snowy day and good old prindel, that's neutral
CNBC
Feb 1, 2010 6:00am EST
, you have three big concerns. bernanke's confirmation, slowing china growth and obama slapping the banks around in the aftermath of the massachusetts miracle. i think investors have really focused upon those things and have used those skuexcuses to t profit. >> you don't seem to think things are over. we're due for a pullback and maybe the bull market continues? >> you look at fourth quarter earnings right now and i guess we're about halfway through the season. two-thirds of the company have beaten on revenues. you have consensus earnings for s&p that have now moved up to $76 a share. that puts multiple of a 14 times forward earnings. you have core inflation below 2% year over year. 3.6% treasury yield. multiples are too low. you'll see more corporate earnings improvements and stocks will go higher. >> massachusetts miracle? massachusetts disaster maybe. massachusetts tragedy maybe. >> depends on your point of view. >> i guess it does. i want to get that other side in. >> why are you looking at me? phil is the guest. >> i'm sorry. >> jay, what do you think of that scenario? thi
CNBC
Feb 9, 2010 2:00pm EST
bernanke and chris cox and i went up september 18th to meet with congress and tell them we're going to need these authorities. and the difficulty we had at that time was, as warren said, much better than i could, the arteries of the financial system were freezing up. and so i knew, with a certainty, that business was going to turn down because when you have companies that it's uncertain whether they're able to raise their short-term funding, most cfos go to the ceo and say, boss, i may not be able to have all of the funding you'd like for the next 30 days, what is a prudent company do? they start cutting back. but congress hadn't seen this yet. and so, they hadn't seen it yet in their district. so i knew with a certainty it was going to get worse. i'm not sure i knew it was going to be 10% unemployment but i knew it was going to be bad. and so then when the -- and i knew if he didn't do something and it collapsed, then the businesses wound be able to fund themselves, wouldn't be able to pay for inventories and pay suppliers and would let employees go and that would ripple through the econom
CNBC
Feb 10, 2010 6:00pm EST
news from ben bernanke, who gave testimony to nobody because of the snow. testimony which said he isn't going to tighten until the economy gets better, bizarrely. those comments initially send the market down hard. it made me think, what does the market say, what is wall street saying to him. they wanted to say, i'm going to plug the market with money even if things get good. would they have preferred them to tell us all is well, and i'm tightening right now? thankfully bernanke continues to do the right thing. i'm calling him the grown-up in chief. finally, i think we're going to see a real stimulus package coming out of congress. a bipartisan effort that will produce real jobs that use real equipment and fix real infrastructure. are you listening my friend? that's big news. it signals that the administration may be able to walk, chew gum and botch health care reform all at the same time. the bottom line, we slip through obama and china today. maybe this is the beginning of something big that will permanently sideline our two least favorite sea monsters. or maybe it's just a breather
FOX News
Feb 24, 2010 4:00pm EST
this is "fox news channel," the most trusted name in news. >> neil: think quick. ben bernanke, tim geithnerer, toyoda, what do they have in common today? all under fire from a congress eager to take the heat off itself and put it on someone, anyone but them. these guys more than fitting the bill. welcome, everybody, i'm neil cavuto. with the fireworks, they easily could have made them pay per view but for pure theater, triple cast gold has to go to the congressional grilling of akio toyoda, the toyota chief who took responsibility for a mess he says is contained butty. then it got nasty. >> let me see, is that a yes or no? that's what i'm trying to get to. >> steven morris says the implications of this nastiness are bigger than you know. steve, explaining. >> by the way, was that a yes or no? >> i don't know, man oh man. what a parade here. >> it was high theater today and you're right, i like the way you opened it. when you're one of the most unpopular groups in america as congress is, go after somebody more unpopular which is toyota. but this was a small of congress to bring this
CNBC
Feb 18, 2010 2:00pm EST
the mortgage modification programs not ben bernanke, mortgage mod? >> yeah flshg some ways they have, erin. interest rates will always be a tool that the feds have. and the gses, clearly will always have a role. we've been debating for 20 years what that role will be. making homes affordable has been a big problem. that program has three parts, modification, the refinancing, and the foreclosure alternatives, which is short sales and deeds. and the report card for the modifications came out in december and it was a big fat failure. they really with 3 million to 4 million the original goal we ended up helping with permanent modifications less than 100,000 because you simply cannot make an unaffordable home be affordable. there's no magic scenario to modify a loan to make that happen. do housing prices need to go down further? as i say that, i should emphasize something, that everybody knows but it's worth saying again, which is that houses for most americans are their single biggest asset and always will be, mary? >> yeah, i think you're going to have a problem here, if housing prices go dow
CNBC
Feb 11, 2010 6:00am EST
concerns that the market has across the spectrum. and you've got bernanke talking about higher rates. fed funds are pricing in almost 100% probability that we have rates lower in march. if we start to see more rhetoric out of the fed with respect to what they're going to do with the rates, that is outside of market expectations right now currently. >> what are you telling people tow to do snt. >> right now, volt tilt is at a level to finance shorter purchases and hedges. given the uncertainty, i don't think it's fair to say that volatility is expensive on the front end. >> anthony, real quick, berna e bernanke's exit strategy speech yesterday, does it move up your sense of the timing for when the fed will ultimately tighten? >> it really didn't, steve. the federal reserve basically injected $1.5 trillion in the liquidity in the credit crisis. it would be irresponsibility of the fed to not outline a credit strategy. i think he made it very clear that he wanted to give us the thumb nails strategy of what this is going to be like. is he going to normalize the discount rate? yes. but remembe
CNBC
Feb 17, 2010 3:00pm EST
several members would like the asset sales in the near 5 but ben bernanke made it clear last week in his text not likely to be part of the initial exit strategy, not likely in 2010. it's all about timing in actions. now to that end, you can see clearly on the intraday, ten-year chart that rates did pop a bit on that. they were already somewhat elevated but they moderated, but from a technical vantage point open that up chart to one month and you can see kr this area is important. snugging up against the top of a trading range established over the last month. we haven't closed above 375 in basically a month. as far as the dollar, well, today reversed all of yesterday's, matter of fact the dollar up over two-thirds a cent. host to of those gains coming in a combination of the eurocurrency and having a big day against the yen. maria, back to you. >> all right, rick, thanks very much. and you mentioned, really, one of the stories of the day, rick, and that really is that some policymakers are talking about starting to sell assets in the near term versus others who are favoring a more gradual
CSPAN
Feb 26, 2010 6:30pm EST
for banks in the country. host: ben bernanke referred yesterday to short-term political liability for this. guest: i think he is absolutely correct. people tend, under these kinds of conditions, to one to blame someone. the problem with that is there are plenty of people to blame. we deregulated the industry. the congress deregulated the industry. there was a culture, if you will, of deregulation. and this encouraged some of what i call speculative activities that led to the bubbles and then the collapse. yes, you had this reaction. i think it is an overreaction, and the outcome would be -- as you try to blame someone you get worse outcomes rather than better outcomes, and i think that is what the chairman was trying to communicate. host: does the banking committee and the members, are they right to be angry at the fete at all? guest: if they're going to be angry, i think they have to be angry at everyone, including themselves. they allow these organizations to get bigger and more risk oriented. and yes, and regulatory agencies because of this culture -- the regulatory agencies because of
CNBC
Feb 5, 2010 2:00pm EST
is this guy? >> gorbachauf? >> who is this man? >> i want to say ben bernanke? >> who is this guy? >> he looks like a crook? >> why? >> he just got that look about him like he out to take everything you own. >> who is this man? >> dr. phil? >> i think it's roger. >> you know what the fed does? >> lock you up. >> chip, i'm on a game show for like $100,000. what country is dubai in? >> i know it's an expensive area. >> over there. >> across the way. >> say it slowly. united arab emerit. >> how much is a thousand dollars worth of gold worth? >> probably worth a thousand dollars, right? >> the gold is up right now. >> what is our current unemployment rate in this country right now? what%? >> 50. >> 38. 38. >> lower. >> 28? >> lower. >> 18. >> lower. 8. >> higher. >> 11. >> lower. >> 10. what everybody crying about? >> thank you. we'll be back. i keep track of my entire business on this spreadsheet... and all of these. paid invoices go right here. bang! - that hasn't been paid yet. - what? - huh-uh. - all my business information is just a phone call away-- to my wife... who's not answering. announ
CNBC
Feb 5, 2010 6:00am EST
, 50 basis points or 100 basis points would be out of whack. >> did you see bernanke's swearing-in? >> i didn't.he president wasn't? >> how do you talk about transparency when you have a private swearing-in ceremony in apparently there is no legal standing for the swearing-in ceremony, because he was approved while he was still chairman. if the chairmanship expired, there would need to be a -- >> why would you need to see someone sworn in? you think he's actually going to swear? >> typically a president or a top official at some time -- >> but transparency, though. >> the most public fight over a fed chairman. >> the ceremonyial way. >> it's not a legal thing. >> you want him to answer questions that you pose him, you don't want to see the ceremony of someone swearing in, how did he look, what was his expression? was he worried? >> does it help he was in matter? >> i don't think it matters. >> this isn't what transparency was watched. i want to have watched it. i wouldn't have taken time out of my day to watch it. >> it shows you what a nerd you are. >> i don't want to be surpri
CNBC
Feb 12, 2010 6:00am EST
together with bernanke's exit speech, you put that together and people say, wait a second, maybe the tight is turning. and being on top of the timing of when the fed starts to tighten or when the rhetoric changes, because when the rhetoric changes, that's when rates will change. and if there weren't enough international news, the european central bank plans to join forces of the european commission to monitor the situation in greece. ecb president jean-claude trichet says the two will draw up necessary measures to maintain stability in the euro zone. european officials offered support for debt-laden greece at a summit yesterday. we don't know what's in the plan. it's some sort of support. >> i don't know what the plan is. except everybody is happy they're in a plan. >> they're in something. they've expressed support. >> monday, the finance ministers meet again. this may be a situation where you see more of the details that start to emerge. what's it call, the european -- the meeting on monday. >> what worries me is that the plan itself will be so underwell manying that people will say, is
CSPAN
Feb 24, 2010 7:00am EST
pledged in december make up half of the number needed for the training effort. ben bernanke, the chairman for the federal reserve goes to capitol hill this morning. lawmakers will question him on what he can or will the to ease the jobs crisis and make sure the economic crisis -- economic recovery lasts. you can hear the first hour on c-span radio. there is a new study showing hispanics at high-level staff positions in capitol hill are almost nonexistent. this is in spite of the fact that they make up nearly 1/6 of the u.s. population. a of a hundred senate chief of staff, only one is hispanic. there is no hispanic legislative directives -- directors and only one hispanic staff director. hispanics only hold 12 of the roughly for a 40 chief of staff jobs and only nine legislative director slots. -- 140 chief of staff jobs and only nine legislative director slots. some say that is an outrage. the european union wants to halt all executions by 2015 as a step towards abolishing the death penalty. the prime minister did not know how the eu would persuade countries like the united states, china
Search Results 0 to 26 of about 27 (some duplicates have been removed)